Thursday, July 17, 2025
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801-S-16th-St-Phoenix-AZ
AcquisitionsArizonaIndustrialWestern

Sealy & Co. Acquires 85,259 SF Sky Harbor Center Industrial Property in Phoenix

by Amy Works

PHOENIX — Sealy & Co. has purchased Sky Harbor Center, a Class A industrial building located at 801 S. 16th St. in Phoenix. An affiliate of Cohen Asset Management sold the asset for an undisclosed price. The 85,259-square-foot property is situated on 7.5 acres within the Sky Harbor Airport submarket and was fully leased to two tenants at the time of sale. Will Strong, Greer Oliver, Kirk Kuller and Connor Nebeker-Hay of Cushman & Wakefield represented the seller in the transaction. Cooper Fratt, John Werstler and Tanner Ferrandi of Cushman & Wakefield provide leasing advisory services for the property.

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11193-Emerald-St-Boise-ID
AcquisitionsIdahoIndustrialWestern

Cushman & Wakefield Brokers $17.7M Sale of Industrial Facility in Boise

by Amy Works

BOISE, IDAHO — Cushman & Wakefield has arranged the sale of a newly renovated industrial facility situated on more than 3 acres in Boise. An undisclosed buyer acquired the asset from an entity doing business as Emerald Town LLC for $17.7 million. Located at 11193 Emerald St., the 77,962-square-foot property was fully leased to four tenants at the time of sale. The property features five roll doors, an insulated roof, upgraded office and restroom space, upgraded freezer/cooler space, resurfaced and restriped parking lot and revamped dock door systems. Jennifer McEntee, Bree Wells and D.J. Thompson of Cushman & Wakefield represented the seller in the deal.

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AcquisitionsMultifamilyWashingtonWestern

MJW Investments Buys 56-Unit Apartment Building in Vancouver, Washington

by Amy Works

VANCOUVER, WASH. — Los Angeles-based MJW Investments has acquired Avenue 66, a multifamily community in Vancouver, in an off-market transaction. The seller and sales price were not released. Built in 2016, the garden-style property features 56 apartments in a mix of one- and two-bedroom floor plans. The average unit size is 840 square feet. MJW Investments plans to make light improvements to unit interiors, clubhouse and other common areas. Affinity Property Management will oversee operations and the renovation of the property. Banc of California provided acquisition financing.

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AcquisitionsMassachusettsNortheastRetailRhode Island

Wilder, TA Realty Acquire Shopping Center Portfolio in Massachusetts, Rhode Island, for $390M

by Taylor Williams

BOSTON — A partnership between two Boston-based firms, Wilder Cos. and TA Realty, has acquired a portfolio of nine grocery-anchored shopping centers totaling 729,437 square feet for $390 million. Eight of the properties are located in Massachusetts, and one is located in Rhode Island. At the time of sale, the portfolio was 95 percent leased, with grocers such as Whole Foods Market, Shaw’s, Star Market and Dave’s Fresh Marketplace serving as anchor tenants. Robert Griffin, Geoffrey Millerd, Jonathan Martin, Paul Penman and Mathew Adler of Newmark represented the undisclosed seller and procured the buyer in the transaction. Richard Ruggerio of Newmark assisted in closing the deal as the local broker of record.

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DevelopmentLife SciencesMassachusettsNortheast

Berkeley Investments to Develop 200,000 SF Life Sciences Facility in Billerica, Massachusetts

by Taylor Williams

BILLERICA, MASS. — Boston-based Berkeley Investments will develop Billerica Crossing, a 200,000-square-foot life sciences facility that will be located north of the state capital. Brian Morrissey, Michael Restivo, Martha Nay, Lenny Pierce and David Coffman of JLL represented Boston-based Cabot Corp. in its sale of the 18-acre tract to Berkeley Investments. Cabot owns and operates a research and development facility on the adjacent parcel. A construction timeline was not disclosed.

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111-Main-Street-South-Amboy-New-Jersey
DevelopmentIndustrialNew JerseyNortheast

Woodmont, Jingoli Break Ground on 152,100 SF Warehouse in South Amboy, New Jersey

by Taylor Williams

SOUTH AMBOY, N.J. — A partnership between Woodmont Industrial Partners and Joseph Jingoli & Son Inc. has broken ground on a 152,100-square-foot warehouse in South Amboy, located in the eastern part of the Garden State. The site spans 22 acres. Building features will include a clear height of 36 feet, 22 dock doors, ample trailer and car parking and the capacity to add 22 knock-out doors if desired by a tenant. Completion is slated for summer 2023.

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810-Broad-St.-Newark
DevelopmentHospitalityLoansMultifamilyNew JerseyNortheast

Parkview Financial Provides $21.5M Loan for Hotel Conversion Project in Newark

by Taylor Williams

NEWARK, N.J. — Los Angeles-based Parkview Financial has provided a $21.5 million loan for the acquisition and conversion of a 13-story vacant hotel located at 810 Broad St. in Newark. The borrower, a subsidiary of Winchester Equities LLC, plans to transform the property, which was originally constructed in 1912 as the headquarters of First National State Bank, into a multifamily complex. Upon completion, which is slated for late 2022, the property will house 106 apartments in studio and one-bedroom formats and a 7,500-square-foot restaurant.

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AcquisitionsKansasMidwestMultifamily

Sentinel Acquires 404-Unit Apartment Complex in Overland Park, Kansas

by Kristin Harlow

OVERLAND PARK, KAN. — Sentinel Real Estate Corp. has acquired Lexington Farms Apartments in the Kansas City suburb of Overland Park. The 404-unit, garden-style apartment complex was originally constructed in 1997. Units average 972 square feet. Two-thirds of the units were recently updated, and Sentinel intends to renovate the remaining units. Amenities include a lounge area, coffee bar, two pools, tennis court, fitness center, dog park and barbecue area. The seller and sales price were not provided.

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DevelopmentIndustrialMidwestMinnesota

PCCP, United Properties Break Ground on 96,000 SF Spec Industrial Building in Suburban Twin Cities

by Kristin Harlow

INVER GROVE HEIGHTS, MINN. — A joint venture between PCCP and United Properties has broken ground on InverPoint 2, a 96,000-square-foot speculative industrial building in the Twin Cities suburb of Inver Grove Heights. The property will be situated at 8450 Courthouse Blvd. within the InverPoint Business Park. Completion is slated for late 2022. InverPoint 2 will feature a clear height of 28 feet, 12 dock doors, four drive-in doors, 108 surface parking stalls and five entrances. The facility will be able to accommodate tenants ranging in size from 16,000 to 96,000 square feet. InverPoint Business Park will include five buildings spanning 475,000 square feet upon full buildout.

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AcquisitionsIndustrialMidwestOhio

SRS Brokers $10.3M Sale of Single-Tenant Industrial Facility in Cincinnati

by Kristin Harlow

CINCINNATI — SRS Real Estate Partners has brokered the sale of a 93,000-square-foot industrial facility occupied by Frisch’s Commissary Kitchen in Cincinnati for $10.3 million. Located at 3011 Stanton Ave., the property also includes an onsite research and development department that is utilized for the restaurant chain’s brand innovation. There are more than 13 years remaining on the triple net lease. Matthew Mousavi and Patrick Luther of SRS represented the seller, a Southeast-based family partnership. Jeff Bracco of The Kase Group represented the buyer, a partnership based in the San Francisco Bay area. Frisch’s operates more than 177 restaurants.

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